Aries Agro Ltd – Company Report
1. Company Overview
Aries Agro Ltd, established in 1969 and headquartered in Mumbai, Maharashtra, is a pioneer in India’s agricultural micronutrients and specialty plant nutrition industry. Founded by Dr. T.B. Mirchandani and Mrs. Bala Mirchandani, the company began with mineral feed additives for animals before diversifying into chelated micronutrient solutions for plant nutrition—the first of their kind in India. Over more than five decades, Aries Agro has become a leader in chelated micronutrients, developing proprietary products through robust in-house R&D and expanding into secondary nutrients, water-soluble fertilizers, plant growth regulators, and bio-stimulants.
Today, Aries Agro operates with a mission to empower farmers with innovative, sustainable, and cost-effective nutritional inputs, under the leadership of Dr. Rahul Mirchandani (Managing Director & CEO). The company has a pan-India presence and a growing international footprint, serving millions of Indian farmers and exporting to select overseas markets. Aries maintains state-of-the-art manufacturing facilities and continues to invest in technology, capacity, and market expansion.
- Incorporated: 1969
- Headquarters: Mumbai, Maharashtra, India
- Legal Status: Public Limited Company, BSE/NSE listed
- Core Focus: Chelated micronutrients, specialty fertilizers, nutritional products for plants & animals
- Manufacturing Facilities: Multiple units across India
- Brands: Agromin, Chelamin, Combical (NPK), among others
- Employees: 500+ (estimated)
- Certifications: ISO-compliant, recognized for quality & innovation
2. Products and Services
Aries Agro Ltd provides a comprehensive portfolio of specialty nutrition products and solutions:
Micronutrients:
- Chelated micronutrient mixtures (flagship products: Agromin, Chelamin)
- Single nutrient chelates – zinc, iron, copper, manganese, magnesium, and others
Primary and Secondary Fertilizers:
- Water-soluble NPK (Nitrogen, Phosphorus, Potassium) complexes—Combical
- Secondary nutrients including sulphur, calcium, magnesium
Plant Growth Regulators and Biostimulants:
- Hormones, biostimulants, and specialized products for improving plant vigor, resilience, and productivity
Bio and Organic Products:
- Organic soil conditioners, bio-fertilizers, humic and fulvic acid products
Animal Nutrition:
- Mineral feed additives and supplements for poultry, cattle, and aquaculture (niche segment)
Bactericides and Crop Protection:
- Select bactericides, solutions for disease management
Aries Agro is recognized for developing India’s first chelated micronutrient fertilizers and for maintaining a large and diversified portfolio addressing soil health, nutrient deficiencies, and farm productivity enhancement across diverse crops and agro-climatic zones.
3. Recent News and Financial Performance
Recent Developments
January 2023: Aries Agro Limited's Flagship Product-CHELAMIN has been granted All India First ISI Mark for Chelated Zinc by the Bureau of Indian Standards.
June 2023: Aries Agro Limited has purchased Land, Approx. 1(One) Acre, at Village Chak Taliya Mood, Pargana-Asoha, Tehsil-Purwa, District-Unnao, U. P. for the purpose of shifting of the existing Factory located at Lucknow which is in a Leased Premises to Owned Premises and possible future Expansion thereof.
January 2025: Aries Agro Limited's Wholly Owned Subsidiary M/S Mirabelle Agro Manufacturing Private Limited has purchased Land, Approx. 3(Three) Acres, adjoining the existing Factory at Village: Rajpur, Taluka- Kadi, DisttMehsana, Gujarat for the purpose of shifting of the existing Factory from Leased Premises to Owned Premises and Expansion thereof.
Aries Agro celebrated its Emerald Jubilee (55th anniversary), expanding product lines and signing new MoUs to strengthen its portfolio and R&D.
The company and its leadership won national recognition, including:
- Sustainable Agriculture Award 2024
- ‘CEO of the Year’ at the Agriculture Leadership Awards 2024 (Dr. Rahul Mirchandani)
- National Award of Excellence as Most Admired Agriculture Innovation 2024
Noteworthy technology upgrades include the launch of new product lines, celebrated milestones in its chelate product category, and a continued focus on sustainability and farmer empowerment.
4. Financial Performance (FY2025)
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue from Operations | ₹627 crore | ₹516 crore |
| Net Profit | ₹33 crore | ₹18 crore |
| EBITDA | ₹72 crore | – |
| Operating Profit Margin | 12% | – |
| Earnings Per Share (EPS) | ₹26.16 | ₹14.94 |
| Return on Equity (ROE) | 12.2% | – |
| Dividend Payout % | 5% | 7% |